PennTex Midstream Partners, LP Increases Quarterly Distribution

Published 5:30 AM ET Thu, 21 July 2016
Globe Newswire

HOUSTON, July 21, 2016 (GLOBE NEWSWIRE) -- PennTex Midstream Partners, LP (NASDAQ:PTXP) (the “Partnership”) announced today that the Board of Directors of its general partner has approved a cash distribution of $0.2846 per unit, or approximately $1.14 per unit on an annualized basis, for the second quarter 2016. The distribution will be paid on August 12, 2016 to unitholders of record as of August 1, 2016.

This quarterly distribution represents an increase of $0.0096 per unit, or 3.5%, over the $0.2750 per unit distribution paid for the quarter ended March 31, 2016.

This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.